Deutsche Bank launches Layer 2 blockchain network based on ZKsync technology
On December 19, German financial giant Deutsche Bank is developing an Ethereum Layer 2 blockchain network based on ZKsync technology. The project aims to address the compliance challenges of public blockchains in regulated finance by improving transaction efficiency and strengthening regulatory compliance.
This development is part of the Project Guardian initiative driven by the Monetary Authority of Singapore (MAS), with Deutsche Bank's L2 network named Project Dama 2. The project brings together 24 financial institutions to explore the potential for tokenizing blockchain assets.
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